No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
creditwizard2 wrote:
What is the score effect of going paid in full on all ccs from carrying a balance on one card of $2000. The total credit before and after is $27,200.
Thanks.
Were your other cards reporting 0 balances on their statement date or are you simply PIF before the due date?
What was the limit on the card with the 2k balance
Are you PIF before your statement date or after and if after what sort of a statement balances do you have?
@RobertEG wrote:Wiz, that is an age-old question on here that has no answer other than anecdotal experiences. Many are firmly convinced, and probably rightfully, that the magic equation is:At least half of accounts with zero balances reproted to the CRA, but not all. The consensus seems to be to have at least one with a balance that does not lead to a util on that card of over 9%, or a total %util of not over 9% on all revolving TLs..Some go to the tweak extreme of leaving a balance of under 10% on one or more, but less than half, of cards at the time the statement drops (assumed to be the CRA report date), and then reserving the full PIF for a few days after the CRA report date to avoid any balance carryover.That is a lot of work, and something I leave to the FICO TweakMeisters!
@RobertEG wrote:Wiz, that is an age-old question on here that has no answer other than anecdotal experiences.
@RobertEG wrote:Yup, because unless I am planning to app for new credit that month, then I am not going to worry about a double pay to keep util above zero one day, and then two days later bring it down to zero just to tweak my FICO when it is meaningless every month.I dont wear my monthly FICO like a banner.